According to the National Household Survey (2015) of TIB, a large proportion of households (63.3%) receive healthcare services from private institutions alongside the public ones. According to the Health Bulletin 2015 of the Directorate General of Health Services (DGHS), a substantial number of Bangladeshi physicians (60.3%) is associated with private healthcare activities. Over the last four decades, the number of registered private healthcare service providing institutions has had an astounding growth – from mere 33 in 1982 it increased to 15,698 in 2017 (DGHS, 2017). This sector has been given importance in various government plans and policies. The Seventh Five Year Plan (FY 2016 - FY 2020) has emphasized on building a strong and effective regulatory mechanism, formulating government rules and regulations, ensuring delivery of information to the healthcare receivers on quality of healthcare service providers and developing robust and responsible professional organizations for the development of private health sector. It has been mentioned in the National Health Policy (2011) that the private institutions would be encouraged to play supplementary roles, necessary rules and regulations for the private institutions would be formulated and applied to maintain quality healthcare services, and steps would be taken to maintain the cost of tests and other expenditure within a tolerable limit.